XS-Online Banking Firewall Revolutionizes Online Account Security with Enhanced Protection and Guaranteed Reimbursement.
XS-Online Banking Firewall, a groundbreaking new system that empowers users to take control of their online banking security and enjoy bank guaranteed reimbursement for fraudulent transactions.
XS-Online Banking Firewall (XS) revolutionizes online account security with XS protection and guaranteed refunds.
A ground-breaking new system that allows users to take control of their online banking security and enjoy bank-guaranteed refunds for fraudulent transactions.
In today’s digital age, online banking has become an essential part of our daily lives, with the increasing prevalence of sophisticated cyber threats, the need for robust online account security has never been greater.
XS-Online Banking Firewall meets this critical need by freeing users from protecting their online bank accounts and transferring the responsibility to banks to protect against fraudulent transfers from their online bank account balances.
Unmatched security with XS flag protection
At the heart of the XS-Online Banking Firewall is the revolutionary “XS-flag” system , each outgoing payment is automatically scanned for the presence of this flag on the recipient’s account. Payments to XS-approved accounts that have been checked and verified by banks are automatically allowed, with a full money-back guarantee in case of error or proven fraud. This provides users with unparalleled security and protection against unauthorized transactions.
Customizable whitelist for enhanced control.
XS-Online Banking Firewall also offers a customizable whitelist feature that allows users to create a personal list of trusted recipients for authorized transactions.
For these transactions, users can apply the XS flag themselves, extending the protection of XS flag transactions to their own networks of trusted contacts. If you want to transfer to an online bank recipient who is not XS approved by the banks, XS can approve the account recipient himself and add the account recipient to your own white list, thereby accepting the risk of loss.
Balancing security and user control
XS-Online Banking Firewall creates a perfect balance between robust security and user control. While all publicly available online bank accounts are by default “XS approved” by the banks, payments to non-public accounts require either XS approval from the bank or inclusion on the user’s or company’s whitelist. This allows users to tailor their security settings to their specific needs and risk tolerance.
Setting Up Granular Access Control: Setup 1-2-3
1-Protected account: Users can block all access attempts except from their own access to the online bank and the authorized online bank’s secure servers, effectively protecting the account.
2-XS Flag Protection: This innovative feature restricts payments to pre-approved accounts identified by banks with a special “XS flag”, guaranteeing a full refund for any detected errors or fraudulent activity. XS flag protection provides a significant benefit to e-commerce platforms looking to improve security for their customers.
3- Creating your own whitelist: Customizable whitelist: Users can create a personal whitelist of trusted recipients for authorized transactions, whereby the account holder himself applies the XS flag to the payee’s account number. The bank performs AI solidity rating in real time, by creating recipient accounts in the account holder’s own white list of trusted payees. However, transactions to whitelisted accounts will not be covered by the bank’s XS flag guarantee, which places responsibility for any loss on the account holder.
Enhanced Security with Guaranteed Reimbursement:
The XS-Online Banking Firewall introduces the revolutionary “XS flag” system. Each outgoing payment is automatically scanned for the presence of this flag on the recipient’s account.
- XS-Approved Transactions: Payments directed towards XS-bank approved accounts authorized by the bank for heightened security are automatically permitted, with a full money-back guarantee in case of errors or proven fraud.
- Transactions to Non-XS Accounts: Payments to accounts lacking the XS flag are automatically declined, safeguarding users’ funds from unauthorized transfers.
Balancing Security and User Control
By default, all publicly accessible online bank accounts are designated as “XS-approved.” Payments to non-public accounts require either XS approval from the bank or inclusion on the user’s or company’s whitelist. This system strikes a perfect balance between robust security and user control. Users can leverage the bank approved XS flag for maximum protection with guaranteed reimbursements or create a whitelist of trusted recipients, understanding that the bank assumes responsibility for any errors and proven fraudulent transactions to XS bank-approved accounts.
Implementation and connection to XS-firewall online banking account protection is voluntary, both for the banks, the payee and the online banking user, but in a market-driven competition, banks and payees that do not offer XS-firewall’s extra security will quickly lose competitiveness.
Key Features and Benefits of XS-Online Banking Firewall
- Online account protecting, will block for all outgoing payments
- XS Flag Protectionwith guaranteed refunds for transactions to XS-bank approved accounts, offering a strong edge in e-commerce security.
- Customizable whitelist for handling the account holder’s own trusted payees.
Customizable whitelist for handling the account holder’s own trusted payees. Your online bank can offer extended firewall AI control of the selected whitelisted account holders.
Example setup:
1. Advanced AI credit check.
2. Approval from higher authorized level is required.
3. Delayed entry into force of newly created whitelisted payees.
4. Time-limited permission to withdraw from a whitelisted account.
- Unparalleled User Control over online banking security.
- Guaranteed Reimbursement for errors or fraud in XS-bank approved transactions.
- Balance between Security and Control, empowering users to choose their preferred level of protection.
- Peace of Mind through a combination of robust access control, XS flag protection, and a user-friendly whitelist feature.
The XS-Online Banking Firewall represents a revolutionary leap forward in online banking security. By empowering users with superior control and guaranteed reimbursements, this innovative system fosters a secure and trustworthy online banking environment.
XS-Online Banking simplifies and frees the online banking user from unmanageable security installations and leaves online banking security to the banks:
1. Online bank accounts with XS-Firewall: Attacks with attempted fake transfers from online bank accounts or theft of passwords for online bank transfers will be unattractive when the possibilities to transfer money to insecure and fake online bank accounts disappear.
2. XS-Firewall integration: XS-firewall Easily integrates with existing online banking systems and involves XS authentication of the account recipient, which is offered by the banks as a paid service and includes a guarantee of account reversal of the transferred amount in case of incorrect accounting or illegal transfers.
3. Online banking setup: User-controlled settings allow online banking users to customize their security preferences so they can limit account transfers to XS approved account recipients, for optimal account protection.
4. User friendly interface: Designed with a focus on ease of use, which makes it easy for users to navigate and manage their security settings, requiring only the online banking user to activate a single checkbox and create their own XS approved account beneficiaries, on their own whitelist.
5. Own XS authentication: With biometric authentication and/or one-time tokens, account holders or an authorized person can create or change the setting of trusted account payees on their own XS whitelist.
Setting options:
- Set requirements for approval from an authorized person before creation or change takes effect.
- Specify a time delay for creating or changing this payee before the setting takes effect.
- Set the start and end time limit for this whitelisted XS payee.
6. Real-time monitoring: The bank offers AI control of the account holder’s own XS-approved whitelisted account recipient and warns users about suspicious account recipients in real time.
7. The Bank’s XS Fraud Protection: Includes bank-guaranteed refunds for unauthorized transactions to XS Bank-approved account payees, giving online banking users peace of mind.
Read more:https://xsecure.dk
The XS-Online Banking Firewall is a UNTS Non Profit Project under development, therefore feedback from stakeholders is needed: We need your judgment and expertise, which is characteristic and relevant to your country and culture, so that the UNTS system can be continuously evaluated and improved. Please send your suggestions and comments to UNTS Non Profit Project XS@Xsecure.dk